Oh – maybe you were asking what the markets are “saying” … well they are saying “short of WW3 we are going up… who cares that Portugal is failing that Japan has 20K+ dead and a ruined economy/country that the ME is going crazy with violence… just a bunch of “noise” we are going to the MOON and nothing can stop us!” oh… JMHO
Agreed. A close over the 1343 downtrend line = me putting more money to work. The gangsters are gonna run this back up before the QE3 “decision” They will know before we do for sure so it makes sense that they want to run it back up for a double top to get out of their positions OR break it out like Benny tells ’em to.
If we go to 1330, we will go high… like to the 138.86 spy FP (about 1380 spx). I don’t think the market will rollover at 1330, as the weekly and daily chart will have both turned back up and will fuel a new high being put in.
Oh – maybe you were asking what the markets are “saying” … well they are saying “short of WW3 we are going up… who cares that Portugal is failing that Japan has 20K+ dead and a ruined economy/country that the ME is going crazy with violence… just a bunch of “noise” we are going to the MOON and nothing can stop us!” oh… JMHO
Price is saying up – volume is not convincing…. what say ye?
what is the market telling us… ? and price action saying ?
yes it sure is. we are in a bearish trend and the short term charts are over bought. at resistance and vix support. yippy
From briefly looking at the charts right now, if we don’t sell off tomorrow I’ll fall out my chair! Everything is screaming ROLLOVER right now!
Agreed. A close over the 1343 downtrend line = me putting more money to work. The gangsters are gonna run this back up before the QE3 “decision” They will know before we do for sure so it makes sense that they want to run it back up for a double top to get out of their positions OR break it out like Benny tells ’em to.
will the bears push it down.. the last 10 min of the game ?
No, that would be bullish.
we need world war 3.. to kick in…
If we go to 1330, we will go high… like to the 138.86 spy FP (about 1380 spx). I don’t think the market will rollover at 1330, as the weekly and daily chart will have both turned back up and will fuel a new high being put in.